Monthly Rent Report
Burbank Rent Report — March 2023
Asking rents in ZIP 91506, Los Angeles, from 120 listings.
Median 1BR rent in Burbank was $2,025 in March 2023, down 30.3% (−$880) from February 2023 and up 1.3% year-over-year. The middle half of 1BR listings asked between $1,800 and $2,295. That puts Burbank $72 below the Los Angeles citywide 1BR median of $2,097. The month's figures are based on 120 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,995 | −$555 (-21.8%) | +$895 (+81.4%) | $1,995 – $1,995 | 6 |
| Studio | $1,995 | −$555 (-21.8%) | +$895 (+81.4%) | $1,995 – $2,250 | 13 |
| 1BR | $2,025 | −$880 (-30.3%) | +$25 (+1.3%) | $1,800 – $2,295 | 22 |
| 1BR | $1,650 | −$1,255 (-43.2%) | −$350 (-17.5%) | $1,650 – $1,650 | 1 |
| 2BR | $2,700 | −$500 (-15.6%) | +$200 (+8.0%) | $2,450 – $3,394 | 26 |
| 2BR | $3,425 | +$225 (+7.0%) | +$925 (+37.0%) | $3,338 – $3,513 | 2 |
| 3BR | $3,295 | $0 (0.0%) | $0 (0.0%) | $3,295 – $3,950 | 45 |
| 3BR | $5,200 | +$1,905 (+57.8%) | +$1,905 (+57.8%) | $5,200 – $5,200 | 1 |
| 4BR | $14,500 | $0 (0.0%) | +$8,305 (+134.1%) | $14,500 – $14,500 | 3 |
| 4BR | $14,500 | $0 (0.0%) | +$8,305 (+134.1%) | $14,500 – $14,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Burbank vs. Los Angeles — March 2023
| Bedrooms | Burbank Median | Los Angeles Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,995 | $1,745 | +$250 (+14.3%) |
| Studio | $1,995 | $1,745 | +$250 (+14.3%) |
| 1BR | $2,025 | $2,097 | −$72 (-3.4%) |
| 1BR | $1,650 | $2,097 | −$447 (-21.3%) |
| 2BR | $2,700 | $2,750 | −$50 (-1.8%) |
| 2BR | $3,425 | $2,750 | +$675 (+24.5%) |
| 3BR | $3,295 | $3,923 | −$627 (-16.0%) |
| 3BR | $5,200 | $3,923 | +$1,278 (+32.6%) |
| 4BR | $14,500 | $4,760 | +$9,740 (+204.6%) |
| 4BR | $14,500 | $4,760 | +$9,740 (+204.6%) |
Citywide figure is the median of zip-level medians across 135 Los Angeles zip codes with listings in March 2023.